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FTX bankruptcy case lawyers have officially opposed the $1.53 billion claim made by the collapsed trading company Three Arrows Capital (3AC), stating that it is "illogical" and should be entirely dismissed. FTX lawyers pointed out that 3AC's losses stem from its own Spot and Margin Trading operations and fund withdrawal activities, which are unrelated to FTX. 3AC will submit a response by July 11, and a hearing is scheduled for August 12. (The Block)

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